2218 24th

Following a significant 2022 renovation, this highly coveted Sunset Park income property features a vacant remodeled Single Family Residence and a detached 4-Unit Building with two units remodeled and vacant. Offered at a 3.9% Cap Rate and a 18.15 GRM, this property features an incredible unit mix which includes: (1) Spacious 2-Bed + Office Single Family Residence, (3) 1-Bed, 1-Bath units, and (1) Studio Unit. This meticulously renovated property offers sophistication not normally seen among income properties boasting newly added appliances, remodeled kitchens and bathrooms with quartz and porcelain countertops, updated flooring, recessed lighting as well as electrical and plumbing updates to both buildings. The single family residence includes a beautiful open kitchen and living area, high-end fixtures, patio and yard space as well as three dedicated parking spots. Within the 4-unit building there are two additional spaces which could be utilized for additional storage or laundry revenue. Located steps to the highly regarded Grant Elementary, Whole Foods, restaurants and shops, Santa Monica College, community parks, with a Walk Score of 76 and a Bike Score of 95 "Biker's Paradise", this property is well-positioned and highly marketable to a broad tenant base.